Who’s winning and who’s losing when they resell their properties in Melbourne | Pain and Gain Report

Over the June 2019 quarter, resales of Melbourne properties generated $4.316 billion worth of profits and $70.7 million in losses.

These figures indicated that Melbourne generated 26.4% of total resale profits nationally over the quarter as well as producing 9.8% of total resales losses.

Over the quarter, there were no resales at a loss in Macedon Ranges and Moorabool.

The council regions with the highest proportion of resales at a loss were Melbourne, Port Phillip and Stonnington.

With dwelling values now starting to rise throughout the city, the share of houses and units resold for a loss may start to fall over the coming quarters.

from Property UpdateProperty Update https://propertyupdate.com.au/corelogic-pain-and-gain-report-melbourne-2019-october/